EnerVenue Opening Gigafactory in Shelby County, Kentucky to Scale Production of its Differentiated Energy Storage Solutions
March 28 2023 - 4:00AM
EnerVenue, the first company to bring metal-hydrogen batteries
capable of more than 30,000 cycles to the clean energy revolution,
today announced it will open a one-million-square-foot gigafactory
in Shelby County, Kentucky. The 73-acre site will become the
company’s state-of-the-art manufacturing plant for its Energy
Storage Vessels™. All aspects of design and process validation,
manufacturing and testing will be performed onsite. The first phase
of the project will encompass one gigawatt hour of annual
production. EnerVenue expects to invest in excess of $1 billion to
expand to more than 20 gigawatt hours per year across its domestic
manufacturing sites in subsequent phases.
“Locating EnerVenue’s gigafactory in Kentucky is a win for the
commonwealth,” said Governor Andy Beshear. “Our leadership has
prioritized bringing high-quality jobs to the region and this is
yet another example of those efforts paying dividends.”
The new gigafactory, located in the heart of Kentucky’s
manufacturing region, is expected to create 450 full-time jobs
during the initial opening and first phase of the production ramp.
Shelby County offered EnerVenue a generous long-term incentive
package comprising property and wage tax rebates totaling $20
million over a 25-year period, which is commensurate with the
company’s significant local investment. The state of Kentucky also
offered EnerVenue more than $10.3 million in tax incentives for the
first phase of the company’s ramp. The tax rebates will help
support growth in the county and incentivize future development as
the gigafactory expands and adds additional jobs.
“We are excited to welcome EnerVenue to Shelby County and look
forward to the positive impact its gigafactory will have on our
local economy,” said Dan Ison, Shelby County Judge Executive. “With
this facility, county residents will be afforded new, lucrative
career opportunities.”
EnerVenue continues to see accelerating demand for its unique
solution for safe, durable, and versatile clean energy storage. The
company has more than 7 GWh of customer commitments, including from
Pine Gate Renewables, Nicon Industries’ Green Energy Renewable
Solutions, and Sonnell Power Solutions, among others.
“As customer interest in EnerVenue’s storage technology soars,
we’re excited to significantly scale battery production with our
new state-of-the-art gigafactory in Shelby County,” said Jorg
Heinemann, CEO, EnerVenue. “Following a nationwide vetting process,
Kentucky emerged as the ideal fit to build our new facility. The
state and county governments were committed to bringing
manufacturing and clean energy jobs to the region, and we look
forward to working with them as we build out operations.”
The gigafactory also continues to grow EnerVenue’s national
footprint. The company recently expanded its operations in Fremont,
California and secured long-term materials and equipment supply
agreements with Precision Process and Precious Plate in Niagara
Falls, New York.
EnerVenue recently launched the second generation of its
large-format battery technology—Energy Storage Vessels—that enable
more scalable and customizable configurations. The company also
backs its vessels with Capacity Assurance™, offering customers a
straightforward 20-year/20,000-cycle warranty extension at 88%+
capacity.
The gigafactory is expected to begin production by the end of
the year.
About EnerVenue
EnerVenue builds simple, safe, and cost-efficient energy storage
solutions for the clean energy revolution. Based on technology
proven over decades under the most extreme conditions, EnerVenue
batteries are refined and scaled for large renewable energy
integration applications. The company is headquartered in Fremont,
California.
ContactKyle
Petersonkyle@clementpeterson.com